http://www.forbes.com/sites/kathryntully/
Kathryn Tully - Priceless - ForbesKathryn Tully's stories. Priceless: I write about art and investinghttp://1.gravatar.com/avatar/5b5cc9dd3c1dc5ac784e2b33633f4c77?s=400&amp;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D400&amp;r=Ghttp://www.forbes.com/sites/kathryntully/2015/02/19/record-year-for-worlds-most-expensive-living-female-artist/
Record Year for World's Most Expensive Living Female ArtistThe big news from London's contemporary art auctions was the new auction record for Gerhard Richter, but paintings by Yayoi Kusama, who holds the auction price record for any living female artist, also did well.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2015/02/19/record-year-for-worlds-most-expensive-living-female-artist/Thu, 19 Feb 2015 18:46:00 -0500The big news from London's contemporary art auctions was the new auction record for Gerhard Richter, but paintings by Yayoi Kusama, who holds the auction price record for any living female artist, also did well.http://www.forbes.com/sites/kathryntully/2015/01/30/sothebys-sells-two-newly-discovered-old-masters-in-new-york/
Sotheby's Sells Two Newly Discovered Old Masters In New YorkSotheby's sold two newly discovered masterpieces in just one auction yesterday, resulting in massive profits for their owners.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2015/01/30/sothebys-sells-two-newly-discovered-old-masters-in-new-york/Fri, 30 Jan 2015 16:59:00 -0500Sotheby's sold two newly discovered masterpieces in just one auction yesterday, resulting in massive profits for their owners.http://www.forbes.com/sites/kathryntully/2014/12/12/is-this-the-worlds-most-expensive-photograph/
Is This The World's Most Expensive Photograph?Doubts over the sale of "the most expensive photograph in history", legitimate or not, are a reminder of why collectors should proceed with caution.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/12/12/is-this-the-worlds-most-expensive-photograph/Fri, 12 Dec 2014 16:50:00 -0500Doubts over the sale of "the most expensive photograph in history", legitimate or not, are a reminder of why collectors should proceed with caution.http://www.forbes.com/sites/kathryntully/2014/10/27/how-easy-is-it-to-get-an-art-backed-loan/
How Easy Is It To Get An Art-Backed Loan?Today it is a small, niche business, but a recent report predicts that the art loan market could triple in size,Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/10/27/how-easy-is-it-to-get-an-art-backed-loan/Mon, 27 Oct 2014 09:07:00 -0400Today it is a small, niche business, but a recent report predicts that the art loan market could triple in size,http://www.forbes.com/sites/kathryntully/2014/09/05/how-useful-are-art-indices/
How Useful Are Art Indices?How do providers decide what goes into art indices and are you aware of what's left out?Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/09/05/how-useful-are-art-indices/Fri, 5 Sep 2014 14:55:00 -0400How do providers decide what goes into art indices and are you aware of what's left out?http://www.forbes.com/sites/kathryntully/2014/06/25/jeff-koonss-whitney-retrospective-expensive-art-is-important-art/
Jeff Koons's Whitney Retrospective: Expensive Art Is Important ArtThe prevailing message to the public is loud and clear: art that is currently expensive is important and worthy of our attention.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/06/25/jeff-koonss-whitney-retrospective-expensive-art-is-important-art/Wed, 25 Jun 2014 17:33:00 -0400The prevailing message to the public is loud and clear: art that is currently expensive is important and worthy of our attention.http://www.forbes.com/sites/kathryntully/2014/05/14/new-artists-set-auction-records-at-christies-biggest-ever-sale/
New Artists Set Auction Records At Christie's Biggest Ever SaleAn encouraging part of what was obviously a very managed sale was that 11 artists set new world auction records and these were not the usual suspects.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/05/14/new-artists-set-auction-records-at-christies-biggest-ever-sale/Wed, 14 May 2014 13:06:00 -0400An encouraging part of what was obviously a very managed sale was that 11 artists set new world auction records and these were not the usual suspects.http://www.forbes.com/sites/kathryntully/2014/05/05/in-mays-blockbuster-art-sales-auction-houses-will-guarantee-more-high-prices/
In May's Blockbuster Art Sales, Auction Houses Will Guarantee More High PricesThe success of the upcoming Impressionist and modern and post-war and contemporary art auctions in New York this month, some of the biggest art sales of the year, are increasingly becoming a foregone conclusion.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/05/05/in-mays-blockbuster-art-sales-auction-houses-will-guarantee-more-high-prices/Mon, 5 May 2014 10:18:00 -0400The success of the upcoming Impressionist and modern and post-war and contemporary art auctions in New York this month, some of the biggest art sales of the year, are increasingly becoming a foregone conclusion.http://www.forbes.com/sites/kathryntully/2014/04/10/a-banksy-for-under-170/
A Banksy For Under $170?A new trading platform that launched in London today is the latest art exchange that seeks to democratize art by allowing people to buy and sell shares of individual artworks, but will it work?Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/04/10/a-banksy-for-under-170/Thu, 10 Apr 2014 17:24:00 -0400A new trading platform that launched in London today is the latest art exchange that seeks to democratize art by allowing people to buy and sell shares of individual artworks, but will it work?http://www.forbes.com/sites/kathryntully/2014/03/20/tefafs-annual-report-who-matters-in-the-art-market/
TEFAF's Annual Report: Who Matters In The Art Market?A closer look at TEFAF's latest annual report reveals that it is regular folk who sustain the global art market, not multi-millionaires.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/03/20/tefafs-annual-report-who-matters-in-the-art-market/Thu, 20 Mar 2014 14:58:00 -0400A closer look at TEFAF's latest annual report reveals that it is regular folk who sustain the global art market, not multi-millionaires.http://www.forbes.com/sites/kathryntully/2014/02/20/book-review-art-as-an-investment-think-again/
Book Review: 'Art As An Investment?' Think AgainMelanie Gerlis talks about her new book 'Art As An Investment? A Survey of Comparative Assets', out in the US this month, and why those people thinking about art purely as an investment might want to look elsewhere.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/02/20/book-review-art-as-an-investment-think-again/Thu, 20 Feb 2014 11:07:00 -0500Melanie Gerlis talks about her new book 'Art As An Investment? A Survey of Comparative Assets', out in the US this month, and why those people thinking about art purely as an investment might want to look elsewhere.http://www.forbes.com/sites/kathryntully/2014/01/30/collector-ron-pizzuti-follow-your-heart-not-a-hedge-fund/
Collector Ron Pizzuti: Follow Your Heart, Not A Hedge FundRon Pizzuti, who recently opened the Pizzuti Collection to the public, says that any collector swayed by what hedge funds are doing in the art market is misguided.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2014/01/30/collector-ron-pizzuti-follow-your-heart-not-a-hedge-fund/Thu, 30 Jan 2014 19:01:00 -0500Ron Pizzuti, who recently opened the Pizzuti Collection to the public, says that any collector swayed by what hedge funds are doing in the art market is misguided.http://www.forbes.com/sites/kathryntully/2013/12/24/top-10-art-sales-of-2013/
Top 10 Art Sales Of 2013The most expensive art lots sold at auction in 2013, courtesy of artnet.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/12/24/top-10-art-sales-of-2013/Tue, 24 Dec 2013 12:56:00 -0500The most expensive art lots sold at auction in 2013, courtesy of artnet.http://www.forbes.com/sites/kathryntully/2013/12/23/challenges-of-buying-and-selling-art-online/
Challenges Of Buying And Selling Art OnlineIn a new ArtTactic podcast, Sean Moriaty, CEO of Saatchi Online, talks about the challenges facing the ever increasing number of platforms selling art online.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/12/23/challenges-of-buying-and-selling-art-online/Mon, 23 Dec 2013 18:42:00 -0500In a new ArtTactic podcast, Sean Moriaty, CEO of Saatchi Online, talks about the challenges facing the ever increasing number of platforms selling art online.http://www.forbes.com/sites/kathryntully/2013/12/19/top-10-art-sales-of-2013-over-5-of-market/
Top 10 Art Sales Of 2013 Over 5% Of MarketAccording to artnet, the 10 most expensive lots sold at auction so far this year alone have accounted for 669 million or over 5% of total global auction sales by value in 2013.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/12/19/top-10-art-sales-of-2013-over-5-of-market/Thu, 19 Dec 2013 15:08:00 -0500According to artnet, the 10 most expensive lots sold at auction so far this year alone have accounted for 669 million or over 5% of total global auction sales by value in 2013.http://www.forbes.com/sites/kathryntully/2013/12/09/the-global-art-market-hot-or-tepid/
The Global Art Market: Hot Or Tepid?In his latest New York Times column, James Stewart writes about the tepid market for fine art. Someone has to.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/12/09/the-global-art-market-hot-or-tepid/Mon, 9 Dec 2013 17:07:00 -0500In his latest New York Times column, James Stewart writes about the tepid market for fine art. Someone has to.http://www.forbes.com/sites/kathryntully/2013/11/27/art-auctions-are-transparent-markets-in-theory/
Art Auctions Are Transparent Markets, In TheoryThe increase in third-party and auction house guarantees was a hot topic at Skate's International Art Industry Forum last week.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/11/27/art-auctions-are-transparent-markets-in-theory/Wed, 27 Nov 2013 15:41:00 -0500The increase in third-party and auction house guarantees was a hot topic at Skate's International Art Industry Forum last week.http://www.forbes.com/sites/kathryntully/2013/11/19/what-do-high-auction-prices-tell-us-about-art-investing/
What Do High Auction Prices Tell Us About Art Investing?Record-breaking auction sales are completely meaningless on their own.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/11/19/what-do-high-auction-prices-tell-us-about-art-investing/Tue, 19 Nov 2013 17:18:00 -0500Record-breaking auction sales are completely meaningless on their own.http://www.forbes.com/sites/kathryntully/2013/11/13/the-most-expensive-art-ever-sold-at-auction-christies-record-breaking-sale/
The Most Expensive Art Ever Sold At Auction: Christie's Record-Breaking SaleFor the $58 million price tag of Jeff Koons's Balloon Dog (Orange), you could have bought almost all the 40 works in the contemporary auction held at Phillips on Monday night and taken home works by Roy Lichtenstein, Andy Warhol and others.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/11/13/the-most-expensive-art-ever-sold-at-auction-christies-record-breaking-sale/Wed, 13 Nov 2013 12:34:00 -0500For the $58 million price tag of Jeff Koons's Balloon Dog (Orange), you could have bought almost all the 40 works in the contemporary auction held at Phillips on Monday night and taken home works by Roy Lichtenstein, Andy Warhol and others.http://www.forbes.com/sites/kathryntully/2013/11/04/contemporary-art-end-of-a-bubble-or-already-bust/
Contemporary Art: End Of A Bubble Or Already Bust?The collectors flipping art during November's auctions may be doing so in the belief that the contemporary art market bubble is entering its final stages, but maybe they're already too late.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/11/04/contemporary-art-end-of-a-bubble-or-already-bust/Mon, 4 Nov 2013 14:14:00 -0500The collectors flipping art during November's auctions may be doing so in the belief that the contemporary art market bubble is entering its final stages, but maybe they're already too late.http://www.forbes.com/sites/kathryntully/2013/10/31/a-jeff-koons-for-under-5000/
A Jeff Koons For Under $5,000?According to Artprice, it's still possible to buy prints and other multiples by Christopher Wool, Jean-Michel Basquiat and Jeff Koons, the top-selling three U.S. contemporary artists at auction, for less than $5000.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/10/31/a-jeff-koons-for-under-5000/Thu, 31 Oct 2013 17:18:00 -0400According to Artprice, it's still possible to buy prints and other multiples by Christopher Wool, Jean-Michel Basquiat and Jeff Koons, the top-selling three U.S. contemporary artists at auction, for less than $5000.http://www.forbes.com/sites/kathryntully/2013/10/30/does-a-global-wine-shortage-present-a-good-investment-opportunity/
Does A 'Global Wine Shortage' Present A Good Investment Opportunity?The suggestion that we are heading for a global wine shortage doesn't mean that fine wine investors are going to clean up.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/10/30/does-a-global-wine-shortage-present-a-good-investment-opportunity/Wed, 30 Oct 2013 15:06:00 -0400The suggestion that we are heading for a global wine shortage doesn't mean that fine wine investors are going to clean up.http://www.forbes.com/sites/kathryntully/2013/10/29/the-overlooked-corners-of-the-art-market/
The Overlooked Corners Of The Art MarketThere are many overlooked corners of the fine art market where prices can be measured in thousands, rather than millions, of dollars.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/10/29/the-overlooked-corners-of-the-art-market/Tue, 29 Oct 2013 18:33:00 -0400There are many overlooked corners of the fine art market where prices can be measured in thousands, rather than millions, of dollars.http://www.forbes.com/sites/kathryntully/2013/10/14/would-you-buy-a-banksy-from-a-new-york-stall-for-60-not-many-did/
Would You Buy A Banksy From A New York Stall For $60? Not Many DidIf there was ever proof that the financial value of contemporary art is tied up in marketing and context, it was that Banksy set up a stall selling signed canvasses to passers by in New York's Central Park yesterday for $60, yet only sold one by mid-afternoon.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/10/14/would-you-buy-a-banksy-from-a-new-york-stall-for-60-not-many-did/Mon, 14 Oct 2013 10:39:00 -0400If there was ever proof that the financial value of contemporary art is tied up in marketing and context, it was that Banksy set up a stall selling signed canvasses to passers by in New York's Central Park yesterday for $60, yet only sold one by mid-afternoon.http://www.forbes.com/sites/kathryntully/2013/10/08/largest-diamond-ever-sold-at-auction-fetches-30-6-million/
Largest Diamond Ever Sold At Auction Fetches $30.6 MillionA 118-carat, white, egg-sized diamond, the largest diamond ever sold at auction, fetched $30.6 million at Sotheby's in Hong Kong yesterday, but are price estimates for the most rare gems now too high?Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/10/08/largest-diamond-ever-sold-at-auction-fetches-30-6-million/Tue, 8 Oct 2013 13:57:00 -0400A 118-carat, white, egg-sized diamond, the largest diamond ever sold at auction, fetched $30.6 million at Sotheby's in Hong Kong yesterday, but are price estimates for the most rare gems now too high?http://www.forbes.com/sites/kathryntully/2013/09/30/try-before-you-buy-in-the-art-market/
Try Before You Buy In the Art Market?Will art buyers start routinely ordering, checking out and returning their purchases on Amazon Art, much as they do with books, DVDs and pillows?Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/09/30/try-before-you-buy-in-the-art-market/Mon, 30 Sep 2013 20:30:00 -0400Will art buyers start routinely ordering, checking out and returning their purchases on Amazon Art, much as they do with books, DVDs and pillows?http://www.forbes.com/sites/kathryntully/2013/09/30/a-top-porsche-collector-offers-classic-car-buying-tips/
A Top Porsche Collector Offers Classic Car Buying TipsI asked Cam Ingram about the Ingram's Porsche collection, one of the largest in the world, the investment market for classic Porsches and the top tips he has for new collectors.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/09/30/a-top-porsche-collector-offers-classic-car-buying-tips/Mon, 30 Sep 2013 14:17:00 -0400I asked Cam Ingram about the Ingram's Porsche collection, one of the largest in the world, the investment market for classic Porsches and the top tips he has for new collectors.http://www.forbes.com/sites/kathryntully/2013/09/27/art-investors-dont-follow-the-herd/
Art Investors: Don't Follow The HerdIn today's FT, Gallerist Victoria Miro bemoans the fact that so many art collectors chase the same artists and take few risks.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/09/27/art-investors-dont-follow-the-herd/Fri, 27 Sep 2013 15:51:00 -0400In today's FT, Gallerist Victoria Miro bemoans the fact that so many art collectors chase the same artists and take few risks.http://www.forbes.com/sites/kathryntully/2013/09/26/the-value-of-robert-indianas-art-has-been-eclipsed-by-love/
The Value of Robert Indiana's Art Has Been Eclipsed By 'Love'.The new Robert Indiana retrospective at the Whitney is a reminder that even iconic artists can become a victim of their own success and that the market value of the rest of their work can suffer.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/09/26/the-value-of-robert-indianas-art-has-been-eclipsed-by-love/Thu, 26 Sep 2013 18:49:00 -0400The new Robert Indiana retrospective at the Whitney is a reminder that even iconic artists can become a victim of their own success and that the market value of the rest of their work can suffer.http://www.forbes.com/sites/kathryntully/2013/09/24/who-has-the-best-taste-in-the-art-world/
Who Has The Best Taste In The Art World?Art buyers should be governed by their own taste, not the verdict of others.Kathryn Tully, Contributorhttp://www.forbes.com/sites/kathryntully/2013/09/24/who-has-the-best-taste-in-the-art-world/Tue, 24 Sep 2013 15:04:00 -0400Art buyers should be governed by their own taste, not the verdict of others.